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TOTAL outlines strategies for sustaining E&P initiatives in economic crisis

Posted on 18 June 2009 in News

“Costs have gone north, performance has gone south and, while that was happening with an increasing barrel … $150 … we got away with it,” TOTAL’s VP drilling and wells, John Bannerman, warned delegates at the IADC World Drilling 2009 Conference in Dublin on 17 June. …

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Steve Gangelhoff receives IADC Exemplary Service Award

Posted on 18 June 2009 in News

IADC president Dr Lee Hunt presented the IADC Exemplary Service Award to Steven J Gangelhoff, senior vice president, Northern Offshore Drilling, citing Mr Gangelhoff’s work spanning four decades on behalf of the drilling industry. …

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Multilaterals, smart wells enable projects for RWE-Dea and Shell

Posted on 18 June 2009 in News

Germany’s Mittelplate development in one of Europe’s most environmentally sensitive coastal areas – Waddenzee – has been a major success, with much of it ascribed to the innovative way in which this spatially large but shallow field is being redeveloped utilising extended-reach multilateral wells. …

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New WellCAP instructor qualifications take effect 30 June

Posted on 18 June 2009 in News

Reminder: The new WellCAP instructor qualifications requirements go into effect at the end of this month.
What this means for accredited training providers. …

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Now is time to invest in people, Jacob urges

Posted on 22 May 2009 in News

Should drilling contractors be investing in people instead of equipment? That was the question Ed Jacob, Goober Drilling CEO & president, posed to the audience at the 2009 IADC Drilling Onshore Conference & Exhibition on 21 May in Houston. …

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Operators using downturn to optimize performance

Posted on 22 May 2009 in News

Speaking during the “Operators’ Panel Discussion” at the 2009 IADC Drilling Onshore Conference & Exhibition on 21 May in Houston, four E&P companies shared reactions to the market downturn, as well as activity plans and outlook. …

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Forecast: Up-cycle may bring clear utilization differentiation for high-spec rigs

Posted on 22 May 2009 in News

Natural gas prices are expected to remain weak for the remainder of 2009 but could rebound to $6.75/mmbtu in 2010 as production declines start to balance out the market, said Waqar Syed, VP & director, institutional research, Tristone Capital. …

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Rig concept aims to revolutionize batch drilling

Posted on 22 May 2009 in News

The industry has come a long way over the past few decades. We’ve modernized our rigs and equipment and have created many automated technologies that reduce human intervention and increase safety. Yet, we’ve done little to address the actual drilling process, said Frank Springett, National Oilwell Varco senior research & development engineer. Now, with the new SPRED Rig, NOV hopes to do exactly that. …

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US poised to use more natural gas

Posted on 22 May 2009 in News

With the abundant production of shale gas and tremendous investments made in natural gas transportation in recent years, the US is perfectly poised to use natural gas in a greater capacity in the coming years, said Steve Hiatt, VP commercial & industrial sales, Simons Petroleum, at the 2009 IADC Drilling Onshore Conference & Exhibition on 21 May in Houston. …

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North Sea Chapter recognizes HSE excellence

Posted on 22 May 2009 in News

Winners of the IADC North Sea Chapter (NSC) Annual Safety Awards were announced during a ceremony on 15 May at Ardoe House Hotel, Aberdeen. Chapter chairman Steve Rae, Seawell, welcomed nearly 400 guests who joined him to recognise and celebrate the efforts of IADC members as they strive toward HSE excellence. …

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